Oil prices experienced a long overdue price correction last week as Brent crude fell back 2.8% to $68.58/bl along with a broad based sell-off in equities....
There is an intimate relationship between the oil price and the USD. Looking back at the crude oil price and the USD Index since 2013 they...
Yesterday’s US EIA Drilling Productivity Report (DPR) showed that US crude oil production is now growing at a marginal rate of 1.3 mb/d/yr and as strongly...
Yesterday Brent crude hit the 2015 high of $69.63/bl before crossing the $70/bl line with an intraday high of $70.05/bl (and thus the highest since 2014)...
Iran’s oil minister Zanganeh yesterday intervened verbally in the oil market by stating that OPEC’s members do not want Brent crude oil above $60/bl because of...
Donald Trump must certify the Iran nuclear deal every 90 days to ensure US sanctions are waived. He did not do so on 13 October 2017,...
Brent crude traded up 0.5% this morning to $67.2/bl on the back of continued protests (20 killed so far) in Iran with concerns for potential disruptions...
Price action – Higher on Nigeria strike, Fortis pipeline outage, lower oil rig count, softer USD and positive equities Brent crude is gaining 0.9% this morning...
Over the past week Brent crude has sold down 3% along with EM equities (-3.5%), Industrial metals (-2.8%) plus some headwind from a 0.5% stronger USD....
Headlines this morning gives the impression that all are now on-board for extending the cuts to the end of 2018. Reading in more detail however shows...
